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Updated over 1 year ago, 05/23/2023
STR Loan Refi
I bought an STR late last summer with a partner and have been running it successfully through AirBnB and VRBO since mid-Oct. We bring in about 10k a month. Lending markets have been all over the place, I put a short term loan on it when we bought it for 658k (purchase was 700k, appraisal was 940k - 70% LTV). We did some work on it, etc. Looking for something to get us through the next year to 18 months. Once we have 2 years of financials, we can access more traditional funding sources. Any lender suggestions?